Polanski, Arnold; Lazarova, Emiliya A. - Fondazione ENI Enrico Mattei (FEEM) - 2011
market games with different player types, and derive under mild conditions an explicit formula for each type’s equilibrium … endogenously the equilibrium firm size and remuneration scheme. We find that each worker type in a stationary market equilibrium is … replicate some standardized facts from the search-theoretical literature such as positive equilibrium unemployment. …